The fourth round of a joint project facility between Irena and the Abu Dhabi Fund for Development that finances renewable energy projects in developing countries has been announced. Solar PV and micro-grid technologies attract the main bulk of funding.
The U.S. power group and the Japanese industrial giant will jointly supply a 10 MW Advancion energy storage bank to help integrate renewables such as solar into a grid network operated by Tata Power Delhi Distribution (Tata Power-DDL) in New Delhi.
The Tokyo-based PV module supplier has moved forward with the development of its first utility-scale PV plant by signing a memorandum of understanding (MOU) with the authorities in Kitui county, roughly 170 kilometres southeast of Nairobi.
A report published this week by EU trade body Solar Power Europe puts emphasis on innovative business models and financing schemes as the key drivers taking solar to the next stage in its development across the continent.